B. Riley raised the firm’s price target on Enovix (ENVX) to $17 from $12 and keeps a Buy rating on the shares. The firm cites the company’s “flurry of recent positive updates” for the target increase. Enovix announced preliminary Q2 results that beat expectations, launched a silicon-anode smartphone battery platform, and declared a shareholder warrant dividend that could raise up to $253.8M, the analyst tells investors in a research note.
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